https://www.taxtmi.com/caselaws?id=362617 The Tribunal upheld the confiscation of goods due to misdeclaration but reduced the redemption fine and penalty imposed on the Appellant. Despite the misdeclaration, the Tribunal considered the lack of deliberate intent and minimal differential duty, leading to a reduction in the fine to &8377;1 lakh and penalty to &8377;50,000. The judgment emphasized the significance of accurate goods declaration under the Customs Act. en-us Fri, 08 Jun 2018 00:00:00 +0530 Fri, 29 Jun 2018 07:16:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362617 The Tribunal upheld the confiscation of goods due to misdeclaration but reduced the redemption fine and penalty imposed on the Appellant. Despite the misdeclaration, the Tribunal considered the lack of deliberate intent and minimal differential duty, leading to a reduction in the fine to &8377;1 lakh and penalty to &8377;50,000. The judgment emphasized the significance of accurate goods declaration under the Customs Act. Case-Laws Customs Fri, 08 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362617